Week of April 5 gas update: Prices rise 1.7 cents a gallon

By Greg Gancarz

DeKALB – Illinois gas prices have risen 1.7 cents per gallon in the past week, averaging $3.01 per gallon today, according to GasBuddy’s daily survey of 4,378 stations in Illinois. Gas prices in Illinois are 17.8 cents per gallon higher than a month ago.

“Oil prices have shown signs of strength in the last few trading sessions, as OPEC agreed to raise oil production starting in May by a very modest 350,000 barrels per day,” said Patrick De Haan, head of petroleum analysis for GasBuddy. “Overall, it’s a small increase in output as global demand continues to show strength in light of Covid-related improvements. U.S. gasoline demand rose for the sixth straight week as consumers hit the road for Easter.”

The lowest price in Illinois today is $2.69 per gallon while the most expensive is $3.59 per gallon, according to a April 5 news release.